Martingale Asset Management L P
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Martingale Asset Management L P reported 756 stock positions worth $4.1 billion. Its top holding was Alphabet Class A (GOOGL) at 1.5% of the portfolio, followed by Amazon.com (AMZN, 1.4%) and Apple (AAPL, 1.3%). Compared with Q3 2024, it opened 73 new positions, sold out of 101, added to 311 and reduced 333. The biggest buy was Bristol-Myers Squibb (BMY, shares +120%) and the biggest sale Coca-Cola (KO, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000936944
- Portfolio Value
- $4.1B (Q4 2024)
- SEC Filing
- 0000936944-25-000003 ↗ filed Feb 13, 2025
Holdings Value
Holdings 756 stocks · $4.1B
| GOOGL Alphabet Inc. Class A | 1.46% | 316,333 | $59.9M | Reduce -7.1% |
| AMZN Amazon.com Inc. | 1.36% | 255,481 | $56.0M | Reduce -3.1% |
| AAPL Apple Inc. | 1.33% | 218,262 | $54.7M | Reduce -13.7% |
| MSFT Microsoft Corp. | 1.32% | 128,826 | $54.3M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.24% | 112,835 | $51.1M | Reduce -4.9% |
| JPM JPMorgan Chase & Co. | 1.17% | 200,522 | $48.1M | Reduce -15.7% |
| WMT Walmart Inc. | 1.09% | 493,748 | $44.6M | Reduce -12.8% |
| META Meta Platforms Inc. Class A | 1.07% | 74,924 | $43.9M | Add +5.3% |
| V Visa Inc. Class A | 1.06% | 137,373 | $43.4M | Reduce -5.0% |
| T AT&T Inc. | 1.04% | 1,875,259 | $42.7M | Reduce -3.7% |
| CSCO Cisco Systems Inc. | 1.01% | 704,398 | $41.7M | Reduce -1.0% |
| UNH Unitedhealth Group Inc. | 0.99% | 80,605 | $40.8M | Reduce -5.4% |
| COST Costco Wholesale Corp. | 0.99% | 44,215 | $40.5M | Reduce -6.4% |
| MA Mastercard Inc. Class A | 0.98% | 76,804 | $40.4M | Reduce -4.1% |
| XOM Exxon Mobil Corp. | 0.98% | 375,330 | $40.4M | Add +5.2% |
| JNJ Johnson & Johnson | 0.97% | 275,343 | $39.8M | Reduce -3.0% |
| AXP American Express Co. | 0.97% | 133,695 | $39.7M | Reduce -11.8% |
| PG The Procter & Gamble Co. | 0.94% | 230,826 | $38.7M | Reduce -11.7% |
| VZ Verizon Communications Inc. | 0.92% | 949,634 | $38.0M | Add +6.2% |
| TMUS T-Mobile US Inc. | 0.92% | 171,379 | $37.8M | Reduce -5.0% |
| LLY Eli Lilly & Co. | 0.89% | 47,240 | $36.5M | Reduce -16.7% |
| PM Philip Morris International | 0.87% | 296,598 | $35.7M | Reduce -3.6% |
| INTU Intuit Inc. | 0.83% | 54,510 | $34.3M | Reduce -1.3% |
| MRK Merck & Co. Inc. | 0.82% | 340,509 | $33.9M | Reduce -3.3% |
| ORCL Oracle Corp. | 0.80% | 197,182 | $32.9M | Reduce -20.4% |
| MO Altria Group Inc. | 0.77% | 608,574 | $31.8M | Reduce -3.3% |
| ABT Abbott Laboratories | 0.76% | 276,207 | $31.2M | Reduce -5.2% |
| NOW ServiceNow Inc. | 0.76% | 29,418 | $31.2M | Reduce -2.8% |
| RSG Republic Services Inc. | 0.73% | 149,365 | $30.0M | Reduce -4.9% |
| KR Kroger Co. | 0.72% | 486,049 | $29.7M | Reduce -7.0% |
| WM Waste Management Inc. | 0.72% | 146,463 | $29.6M | Reduce -3.7% |
| EA Electronic Arts Inc. | 0.72% | 200,964 | $29.4M | Reduce -5.8% |
| ANET Arista Networks Inc. | 0.71% | 262,465 | $29.0M | Add +17.7% |
| BMY Bristol-Myers Squibb Co. | 0.70% | 505,139 | $28.6M | Add +119.8% |
| ALL Allstate Corp. | 0.69% | 147,405 | $28.4M | Reduce -2.2% |
| ACN Accenture PLC Class A | 0.69% | 80,136 | $28.2M | Add +18.1% |
| PEP Pepsico Inc. | 0.67% | 181,199 | $27.6M | Reduce -4.0% |
| CASY Casey's General Stores Inc. | 0.67% | 69,426 | $27.5M | Reduce -8.5% |
| MKL Markel Group Inc. | 0.66% | 15,788 | $27.3M | Reduce -4.5% |
| LMT Lockheed Martin Corp. | 0.66% | 55,869 | $27.1M | Reduce -3.6% |
| ADP Automatic Data Processing | 0.66% | 92,166 | $27.0M | Reduce -5.7% |
| ABBV Abbvie Inc. | 0.65% | 150,233 | $26.7M | Reduce -5.9% |
| KMB Kimberly-Clark Corp. | 0.64% | 201,208 | $26.4M | Reduce -0.2% |
| PGR Progressive Corp. | 0.64% | 109,180 | $26.2M | Add +0.1% |
| ZM Zoom Communications Inc. | 0.63% | 319,147 | $26.0M | Add +5.3% |
| MSI Motorola Solutions Inc. | 0.63% | 56,050 | $25.9M | Add +94.2% |
| CVX Chevron Corp. | 0.63% | 177,759 | $25.7M | Reduce -3.0% |
| INGR Ingredion Inc. | 0.62% | 184,318 | $25.4M | Reduce -7.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.61% | 114,233 | $25.1M | Reduce -29.3% |
| ROP Roper Technologies Inc. | 0.61% | 47,968 | $24.9M | Reduce -2.1% |
| EOG EOG Resources Inc. | 0.60% | 202,627 | $24.8M | Add +31.9% |
| NOC Northrop Grumman Corp. | 0.60% | 52,682 | $24.7M | Add +4.1% |
| EME Emcor Group Inc. | 0.59% | 53,768 | $24.4M | Reduce -11.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.59% | 316,522 | $24.3M | Reduce -4.3% |
| RGA Reinsurance Group of America | 0.59% | 113,716 | $24.3M | Reduce -1.1% |
| CRM Salesforce Inc. | 0.56% | 69,363 | $23.2M | Reduce -0.8% |
| DOX Amdocs Ltd. | 0.56% | 270,260 | $23.0M | Reduce -2.7% |
| TRV The Travelers Cos Inc. | 0.56% | 95,112 | $22.9M | Reduce -3.9% |
| CI The Cigna Group | 0.56% | 82,834 | $22.9M | Reduce -4.9% |
| EIX Edison International | 0.56% | 286,102 | $22.8M | Add +176.4% |
| FFIV F5 Inc. | 0.55% | 90,029 | $22.6M | Reduce -1.5% |
| QCOM Qualcomm Inc. | 0.54% | 145,156 | $22.3M | Reduce -1.0% |
| CB Chubb Ltd. | 0.54% | 80,663 | $22.3M | Reduce -6.5% |
| CW Curtiss-Wright Corp. | 0.54% | 62,751 | $22.3M | Reduce -9.3% |
| CL Colgate-Palmolive Co. | 0.54% | 243,528 | $22.1M | Reduce -4.3% |
| HD Home Depot Inc. | 0.54% | 56,615 | $22.0M | Reduce -7.7% |
| RTX RTX Corp. | 0.53% | 188,168 | $21.8M | Add +97.6% |
| LNG Cheniere Energy Inc. | 0.52% | 98,926 | $21.3M | Add +21.0% |
| GILD Gilead Sciences Inc. | 0.52% | 229,502 | $21.2M | Reduce -10.2% |
| GD General Dynamics Corp. | 0.51% | 79,684 | $21.0M | Reduce -3.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.50% | 51,207 | $20.6M | Reduce -4.0% |
| NTRS Northern Trust Corp. | 0.50% | 198,807 | $20.4M | Add +236.3% |
| SNA Snap-on Inc. | 0.49% | 59,674 | $20.3M | Reduce -3.9% |
| DTE DTE Energy Company | 0.49% | 167,043 | $20.2M | Add +0.1% |
| EG Everest Group Ltd. | 0.48% | 54,968 | $19.9M | Reduce -8.8% |
| HIG Hartford Insurance Group Inc. | 0.48% | 181,134 | $19.8M | Add +4.0% |
| ETR Entergy Corp. | 0.48% | 259,250 | $19.7M | Reduce -22.4% |
| MUSA Murphy USA Inc. | 0.48% | 39,109 | $19.6M | Reduce -0.7% |
| MCK McKesson Corp. | 0.48% | 34,331 | $19.6M | Reduce -34.9% |
| AMGN Amgen Inc. | 0.47% | 74,330 | $19.4M | Reduce -3.9% |
| NEM Newmont Corp. | 0.47% | 515,212 | $19.2M | Reduce -1.8% |
| SEIC Sei Investments Company | 0.46% | 230,671 | $19.0M | Add +124.7% |
| ADBE Adobe Inc. | 0.46% | 42,638 | $19.0M | Add +1.2% |
| RNR Renaissancere Holdings Ltd. | 0.46% | 75,643 | $18.8M | Reduce -5.0% |
| CLH Clean Harbors Inc. | 0.45% | 80,763 | $18.6M | Reduce -28.9% |
| CBOE Cboe Global Markets Inc. | 0.45% | 94,569 | $18.5M | Reduce -2.1% |
| MRSH Marsh & McLennan Cos | 0.45% | 86,657 | $18.4M | Reduce -6.0% |
| TXRH Texas Roadhouse Inc. | 0.45% | 101,766 | $18.4M | Add +45.8% |
| L Loews Corp. | 0.44% | 215,388 | $18.2M | Reduce -17.5% |
| NTAP Netapp Inc. | 0.44% | 156,724 | $18.2M | Reduce -3.4% |
| ED Consolidated Edison Inc. | 0.43% | 200,266 | $17.9M | Add +32.7% |
| AEP American Electric Power | 0.43% | 192,535 | $17.8M | Add +70.7% |
| OGE Oge Energy Corp. | 0.42% | 423,129 | $17.5M | Reduce -0.1% |
| CAH Cardinal Health Inc. | 0.41% | 141,686 | $16.8M | Add +1.5% |
| ADSK Autodesk Inc. | 0.40% | 55,974 | $16.5M | Reduce -3.2% |
| LDOS Leidos Holdings Inc. | 0.39% | 110,234 | $15.9M | Reduce -31.5% |
| EXC Exelon Corp. | 0.39% | 421,337 | $15.9M | New |
| LOPE Grand Canyon Education Inc. | 0.38% | 96,346 | $15.8M | Add +2.5% |
| PEG Public Service Enterprise GP | 0.37% | 178,110 | $15.0M | Reduce -25.9% |
| PH Parker Hannifin Corp. | 0.36% | 23,580 | $15.0M | Reduce -3.1% |
Portfolio Sells Q3 2024 → Q4 2024
| KO The Coca-Cola Co. | Reduce -67.1% | 0.23% | −0.54 |
| HII Huntington Ingalls Industrie | Reduce -98.1% | 0.01% | −0.48 |
| ELV Elevance Health Inc. | Reduce -52.8% | 0.26% | −0.47 |
| TTEK Tetra Tech Inc. | Reduce -87.8% | 0.06% | −0.45 |
| CNC Centene Corp. | Sold out | 0.00% | −0.41 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.28 |
| LLY Eli Lilly & Co. | Reduce -16.7% | 0.89% | −0.27 |
| MOH Molina Healthcare Inc. | Reduce -88.4% | 0.03% | −0.24 |
| FERG Ferguson Enterprises Inc. | Reduce -42.2% | 0.27% | −0.23 |
| CACI Caci International Inc. Class A | Reduce -41.9% | 0.22% | −0.23 |
| LDOS Leidos Holdings Inc. | Reduce -31.5% | 0.39% | −0.21 |
| IBM Intl Business Machines Corp. | Reduce -29.3% | 0.61% | −0.21 |
| AMAT Applied Materials Inc. | Reduce -73.6% | 0.06% | −0.21 |
| PSX Phillips 66 | Reduce -86.3% | 0.03% | −0.20 |
| HCA HCA Healthcare Inc. | Reduce -17.2% | 0.36% | −0.20 |
| TXT Textron Inc. | Reduce -28.3% | 0.36% | −0.19 |
| CLH Clean Harbors Inc. | Reduce -28.9% | 0.45% | −0.18 |
| NEM Newmont Corp. | Reduce -1.8% | 0.47% | −0.18 |
| REGN Regeneron Pharmaceuticals | Reduce -6.9% | 0.35% | −0.17 |
| DINO HF Sinclair Corp. | Reduce -88.0% | 0.02% | −0.17 |
| ORCL Oracle Corp. | Reduce -20.4% | 0.80% | −0.17 |
| IQV Iqvia Holdings Inc. | Reduce -95.1% | 0.01% | −0.16 |
| UNH Unitedhealth Group Inc. | Reduce -5.4% | 0.99% | −0.15 |
| CI The Cigna Group | Reduce -4.9% | 0.56% | −0.14 |
| PEG Public Service Enterprise GP | Reduce -25.9% | 0.37% | −0.13 |
| ACGL Arch Capital Group Ltd. | Reduce -31.9% | 0.19% | −0.13 |
| MCK McKesson Corp. | Reduce -34.9% | 0.48% | −0.12 |
| CDW CDW Corp. | Sold out | 0.00% | −0.12 |
| BIIB Biogen Inc. | Reduce -37.4% | 0.13% | −0.12 |
| AVB Avalonbay Communities Inc. | Reduce -68.2% | 0.06% | −0.12 |
| LMT Lockheed Martin Corp. | Reduce -3.6% | 0.66% | −0.12 |
| AMGN Amgen Inc. | Reduce -3.9% | 0.47% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -11.7% | 0.94% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -3.3% | 0.82% | −0.09 |
| DCI Donaldson Co. Inc. | Reduce -86.0% | 0.01% | −0.09 |
| EQC Equity Commonwealth | Sold out | 0.00% | −0.09 |
| JNJ Johnson & Johnson | Reduce -3.0% | 0.97% | −0.09 |
| BMRN Biomarin Pharmaceutical Inc. | Sold out | 0.00% | −0.08 |
| CHE Chemed Corp. | Reduce -12.1% | 0.36% | −0.08 |
| ABBV Abbvie Inc. | Reduce -5.9% | 0.65% | −0.07 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.07 |
| VLO Valero Energy Corp. | Reduce -86.1% | 0.01% | −0.07 |
| SAIC Science Applications Inte | Reduce -33.4% | 0.09% | −0.07 |
| KLAC KLA Corp. | Reduce -84.8% | 0.01% | −0.07 |
| CL Colgate-Palmolive Co. | Reduce -4.3% | 0.54% | −0.07 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -4.0% | 0.50% | −0.07 |
| PEP Pepsico Inc. | Reduce -4.0% | 0.67% | −0.07 |
| GD General Dynamics Corp. | Reduce -3.6% | 0.51% | −0.06 |
| LRN Stride Inc. | Reduce -88.6% | 0.01% | −0.06 |
| EG Everest Group Ltd. | Reduce -8.8% | 0.48% | −0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| BMY Bristol-Myers Squibb Co. | Add +119.8% | 0.70% | +0.42 |
| EXC Exelon Corp. | New | 0.39% | +0.39 |
| NTRS Northern Trust Corp. | Add +236.3% | 0.50% | +0.37 |
| EIX Edison International | Add +176.4% | 0.56% | +0.35 |
| MSI Motorola Solutions Inc. | Add +94.2% | 0.63% | +0.33 |
| SEIC Sei Investments Company | Add +124.7% | 0.46% | +0.30 |
| RTX RTX Corp. | Add +97.6% | 0.53% | +0.27 |
| ANET Arista Networks Inc. | Add +17.7% | 0.71% | +0.22 |
| SCHW Schwab (charles) Corp. | Add +987.6% | 0.20% | +0.18 |
| LNG Cheniere Energy Inc. | Add +21.0% | 0.52% | +0.18 |
| EOG EOG Resources Inc. | Add +31.9% | 0.60% | +0.17 |
| AEP American Electric Power | Add +70.7% | 0.43% | +0.17 |
| APPF Appfolio Inc. Class A | Add +353.0% | 0.21% | +0.17 |
| TXRH Texas Roadhouse Inc. | Add +45.8% | 0.45% | +0.16 |
| ACI Albertsons Cos Inc. Class A | Add +55.5% | 0.36% | +0.15 |
| ZM Zoom Communications Inc. | Add +5.3% | 0.63% | +0.15 |
| CTSH Cognizant Tech Solutions-A | New | 0.15% | +0.15 |
| ACN Accenture PLC Class A | Add +18.1% | 0.69% | +0.14 |
| META Meta Platforms Inc. Class A | Add +5.3% | 1.07% | +0.13 |
| PPL PPL Corp. | Add +311.5% | 0.17% | +0.13 |
| PEGA Pegasystems Inc. | Add +54.7% | 0.19% | +0.10 |
| BAC Bank of America Corp. | Add +47.0% | 0.23% | +0.10 |
| COKE Coca-Cola Consolidated Inc. | Add +61.5% | 0.24% | +0.09 |
| GEN Gen Digital Inc. | New | 0.08% | +0.08 |
| LOPE Grand Canyon Education Inc. | Add +2.5% | 0.38% | +0.08 |
| BDX Becton Dickinson and Co. | Add +61.9% | 0.20% | +0.08 |
| JBL Jabil Inc. | New | 0.07% | +0.07 |
| ED Consolidated Edison Inc. | Add +32.7% | 0.43% | +0.07 |
| NRG NRG Energy Inc. | Add +312.2% | 0.09% | +0.07 |
| TDY Teledyne Technologies Inc. | New | 0.07% | +0.07 |
| ZION Zions Bancorp NA | Add +151.0% | 0.10% | +0.07 |
| TOWN Towne Bank | Add +376.5% | 0.09% | +0.07 |
| PFE Pfizer Inc. | Add +416.6% | 0.08% | +0.07 |
| CTRE Caretrust REIT Inc. | Add +396.7% | 0.08% | +0.07 |
| PECO Phillips Edison & Company Inc. | New | 0.06% | +0.06 |
| ICUI Icu Medical Inc. | Add +1100.0% | 0.06% | +0.06 |
| POR Portland General Electric Co. | Add +448.1% | 0.07% | +0.06 |
| THG Hanover Insurance Group Inc./ | Add +818.6% | 0.06% | +0.06 |
| FTDR Frontdoor Inc. | Add +818.5% | 0.06% | +0.06 |
| NVDA Nvidia Corp. | Add +2.2% | 0.33% | +0.05 |
| CAH Cardinal Health Inc. | Add +1.5% | 0.41% | +0.05 |
| VMI Valmont Industries | New | 0.05% | +0.05 |
| APAM Artisan Partners Asset Ma -A | New | 0.05% | +0.05 |
| IDA Idacorp Inc. | Add +758.4% | 0.06% | +0.05 |
| NVR NVR Inc. | Add +151.6% | 0.09% | +0.05 |
| TYL Tyler Technologies Inc. | New | 0.05% | +0.05 |
| LHX L3HARRIS Technologies Inc. | Add +33.7% | 0.25% | +0.05 |
| RMD Resmed Inc. | New | 0.05% | +0.05 |
| COP Conocophillips | Add +258.0% | 0.07% | +0.05 |
| CCL Carnival Corp. | Add +313.1% | 0.06% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 828 | $4.2B | AAPL, GOOGL, AMZN, LLY, NVDA |
| Q1 2026 | 794 | $4.0B | AAPL, JNJ, XOM, GOOGL, MSFT |
| Q4 2025 | 770 | $3.9B | AAPL, GOOGL, MSFT, AMZN, JNJ |
| Q3 2025 | 756 | $4.0B | GOOGL, MSFT, AAPL, AMZN, META |
| Q2 2025 | 779 | $4.1B | MSFT, AMZN, GOOGL, META, BRK.B |
| Q1 2025 | 766 | $3.9B | BRK.B, MSFT, T, AMZN, AAPL |
| Q4 2024 | 756 | $4.1B | GOOGL, AMZN, AAPL, MSFT, BRK.B |
| Q3 2024 | 784 | $4.4B | AAPL, MSFT, GOOGL, BRK.B, LLY |
| Q2 2024 | 781 | $4.6B | GOOGL, MSFT, AAPL, LLY, AMZN |
| Q1 2024 | 800 | $5.0B | MSFT, GOOGL, LLY, BRK.B, MRK |